Corporate Formation in china

Recommendations

Info

QianHai Company Setup Benefits • Ultra low corporate income tax (CIT) of 15% until December 2020 (even Hong Kong’s is 16.5%, and Mainland China is generally 25%!) • CIT Tax breaks for certain industries where tax exemption lasts for 2 years from their first profitable year, and is subsequently charged at 50% (of the standard 25% CIT rate) for the next 3 years • ‘Green’ companies rewarded with CIT tax breaks • VC SMEs eligible for CIT tax breaks • Businesses may account for 30% of their income from none-preferential business activities, meaning that companies have more flexibility in how they can trade • Foreign high-end talent, skilled foreign workers, may be eligible for individual income tax reductions by subsidy if the income tax equals 15% or more of their total taxable income • Reformed tax declaration, making it easier and faster for companies to handle their taxes in China • Close proximity to Hong Kong and the main cities of the PRD • Can get loans from Hong Kong banks in CNY, but with Hong Kong loan rates • Billions of CNY in government grants for preferred industries • Easy access to Hong Kong and overseas banks, many of whom choose Qianhai as their local HQ • Hong Kong CPAs may provide their services within the zone as partners of local accounting firms, as may various other registered Hong Kong professionals • Hong Kong education providers may set up international standard schools within the zone • Hong Kong medical service providers may set up international standard healthcare service providers, such as clinics, within the zone • Hong Kong and Macau telecoms providers may set up a joint venture with Chinese firms in order to offer international class telecoms services for the zone • World class logistics, be it the custom built port, or the numerous local international airports • Youth entrepreneur innovation hub offering subsidised company start up costs, research, networking with Hong Kong peers, and venture capital opportunities for younger entrepreneurs How To Set Up A Company In QianHai?
Setting up a Shenzhen Qianhai WFOE requires an investment of 5 Million RMB paid into the capital account, however, this can be spread out over a 5 to 10 year period. You can forego this initial investment if you use an existing Hong Kong registered company to set up your WFOE there Setting up a company, say a WFOE, is mainly the same as elsewhere in Shenzhen. The difference is that QianHai have some particularly beneficial rules surrounding new business registry. For instance, you and foreign staff can expect to be taxed at the lower CIT rate of around just 15% - that's less than Hong Kong! There are also a number of tax breaks and subsidies that the Chinese government grant to new businesses that are in QianHai's preferred niches. For instance, you may be granted free or discounted rent for a number of years, or perhaps you'd be made tax exempt for a period of time to allow you to get well set up. Shenzhen Qianhai company registration procedures Step1: Let clients fill out the application form (sign the agreement); Step2: Confirm the company name, business scope, registered capital and company shares; Step3: Check the required documents for the clients; Step4: Pay the services; Step5: Prepare for the statutory documents for the investors to sign personally; Step6: Forward documents to related government departments; Step7: Keep clients informed of processing. Step8: Finish processing in 15-35 working days; Step9: Collect the documents and items and settle the balance if any. Documents Needed To Open Your WFOE WFOE application form and resolution by Foreign investor’s chairman, signed and stamped
Page 1 and 2: Brief Introduction to Shenzhen Qian
Page 3: up to speed:
Page 11: and easily! Please visit: http://ww

Corporate Formation in china

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?